Elliott Management, the hedge fund firm run by billionaire Paul Singer, hired Zion Shohet from Citigroup to become chief operating officer.
BNP Paribas was reprimanded and fined $1.4m by Hong Kong’s securities regulator for failing to report more than $773.6m of cross trades over a 10-year period.
George Osborne is to press on with selling off the taxpayers’ stake in Lloyds Banking Group after recouping £10.5bn for the exchequer through a series of disposals in the last 18 months.
Malaysia Airlines is “technically bankrupt” but can re-emerge as south-east Asia’s leading airline after shedding thousands of staff, says its new chief executive.
The keyboard of bond legend Bill Gross’s Bloomberg terminal will soon be a piece of history.
Philippe Noirot will succeed Joris Dierckx, who will move internally to new senior position in Asia Pacific region, according to BNP statement.
Royal Bank of Scotland is considering replacing its corporate brokers Morgan Stanley and UBS before a share sale by the U.K. government, according to two people with knowledge of the situation.
A Silicon Valley-based recycling company is looking for a "mysterious lady" who dropped off a rare vintage Apple computer, so it can give her $100,000.
Britain’s manufacturing sector has lost momentum in recent months, hit by the slowdown in North Sea oil and gas investment and a tough export market, a business survey has found.
Barclays is sponsoring a scheme that will give 35 s.x workers in London the chance to retrain for a different job.
Top US investment banks have signaled a rebound in revenue growth in the second quarter from a year ago, potentially bringing relief to the industry after four quarters of year-on-year declines.
Zubin Ramdarshan, who joined Cantor Fitzgerald in April to help lead the firm’s exchange-traded funds business in Europe, said he left to work with an “old friend.”
Investors poured an estimated $144m into the Janus Global Unconstrained Bond Fund in May, the most new money going to Bill Gross’s mutual fund since December 2014.